Bringing on a business partner is no easy decision. You need to pick someone that you work well with, that you trust, and ultimately get the job done. Finding the right partner is critical to the success of your business. contributor Adam Heitzman, co-founder of Highervisbility, writes on the ten questions you should ask before you bring on a new business partner.

  1. What will be your ownership agreement?
  2. Is the partner committed to your bottom line and your long-term goals?
  3. Are you okay giving up a little bit of control? Are you open to new ideas for the company vision and future?
  4. Why do ou want a business partner in the first place? Does the partner have a skill set that you don’t have?
  5. What do you need from a partner? What responsibilities will they have?
  6. Is the partner in a stable place in his or her life?
  7. How does this potential partner deal with conflict, either with your or with a potential staff? How do you prefer to deal with conflict?
  8. What will your customers and staff gain (or lose) from you starting up a business partner?
  9. Are you and the business partner in agreement about your exit strategy?
  10. Are you able to have a trial run before you select a particular partnership?
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